✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you if we consider that the company ProTrade24 is a safe company or an unreliable company. Read our full analysis to find out everything!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about ProTrade24 and we will tell you why we came to such a conclusion:

Basic Information

🌐 Websiteprotrade24.net
🏠 CompanyUnmentioned
RegulatoryNot regulated
📧 Email[email protected]
📈 PlataformOwn platform
📌 Address31 Barfleur Lane, London, England, SE8 3DD (fake)
🕑 Website ageWebsite registered on: January 17, 2024
Company typeForex, Stocks, Metals, Commodities and Indices Broker

Company: ProTrade24 does not mention which company it belongs to.

Location: ProTrade24 mentions being located in London, however this is false information.

We can already tell you that we are concerned about several characteristics of this company.

What is ProTrade24?

After having carried out an analysis of the company's website, we can say that ProTrade24 is a Forex, Stocks, Metals, Commodities and Indices broker.

Account types

The platform offers 4 different accounts to carry out operations:

Information on the web

protrade24 website

Here we show you a screenshot of the ProTrade24 website, which is protrade24.net. The capture was made in APRIL 2024.

Contact: phone numbers and email

– We have found the following telephone number: +45 (0)800 123 456

– We have found the following email: [email protected]

Regulation of ProTrade24

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

The broker presents us with a very worrying situation; he mentions absolutely nothing about regulating it. What does this make us think? We are talking about an unregulated broker. What does it mean? This means that the broker's clients and all their money are without any type of protection. That is to say, if the broker has bad intentions, most likely you will not be able to do anything to recover your money. Please be very careful with these types of companies. Think carefully before sending money, you are sending it to a company without any type of regulation or protection!

🚫 Final ProTrade24 Rating 🚫

After carefully reviewing ProTrade24, a broker that offers trading services in currencies, stocks, metals, commodities and indices, we have identified several concerning aspects that investors should be aware of before considering any type of association with this company.

We see that ProTrade24 presents itself as a provider of innovative resources and solutions for trading, but it is important to note that the actual location of the company is unknown. Additionally, we have discovered that the website has been reported by Germany's regulatory body, BaFin, raising serious questions about its legality and transparency.

Additionally, ProTrade24 is unregulated, meaning it is not subject to the oversight necessary to ensure investor protection. This lack of regulation is a major red flag and could leave investors exposed to potentially risky or fraudulent practices.

Although ProTrade24 promises to provide innovative resources and favorable trading conditions, the lack of transparency and regulation raises serious concerns about the security and reliability of the platform.

Despite ProTrade24's claims about its commitment to trading and its innovative solutions, the risks associated with its lack of regulation and whistleblowing by BaFin are too significant to ignore.

Finally, from the team Recommended brokers, we highly recommend avoid ProTrade24 and look for safer and more reliable alternatives to carry out trading operations in currencies, stocks and other assets. The protection of your investments and your financial security are of utmost importance to us.

Updates

News about ProTrade24:

Date Update – news
March 2024Complaint against ProTrade24 BaFin financial regulator
June 2024Complaint against ProTrade24 financial regulator CNMV, National Securities Market Commission

We note that the company already has complaints from financial regulators. Please be very careful!

User Reviews

[democracy id=””]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with ProTrade24.

At the end of the review you will find customer comments.


How to Claim Money Scammed by ProTrade24

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report ProTrade24

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to ProTrade24?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report ProTrade24?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is ProTrade24 reliable?

No, ProTrade24 is not reliable at all. With lack of registered location, fake addresses, lack of regulation, very negative rating, recurring problems with withdrawals of funds and reporting by BaFIN, it is advisable to avoid this platform. Look for more transparent and secure options to protect your investment. Invest with extreme caution and choose platforms with proven financial integrity!

How to recover money from ProTrade24?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

8 comments on «ProTrade24: OPINION AND COMMENTS – IS IT A SCAM?»

  1. Maria Reply

    The same Protrade24 is a big scam, at the beginning I put the €250 to see and they show you and waste a lot of time showing you everything and what you can earn, how everything works. They try to get you to enter the most to earn much more or they tell you that they won't work with little. Until you invest a little more. In the end I put in €2000 and it's much less than what they were trying to get me to pay, thank goodness I was cautious, but €2000 was a bitch to lose. And when I already deposit it, the person disappears, a few weeks later another person calls me and tells me that they cannot offer me the same conditions to invest more money. I tell them no, they emphatically try to convince me and I do not give in. I tell them that I am going to withdraw my money. They tell me go ahead and once you withdraw it they don't approve it, and they keep your money!! From personal experience DO NOT TRUST Protrade24, they are pure scammers!! It is very succulent because they make you believe that you are going to earn a lot of money but do not lose your money no matter how little!!!

    • Recommended-brokers.com Reply

      Hello Maria, thank you very much for explaining your experience with them and thus helping to prevent many people from being scammed. The more you comment about how they have scammed you or tried to scam you, the more you will help other families avoid falling into the hands of these scammers. I recommend that you see how to recover it, we have a recovery section on the website.

      Greetings.

  2. Anna Reply

    Protrade24 is a SCAM
    AT THE MOMENT OF REQUESTING THE WITHDRAWAL OF THE MONEY THEY BLOCK YOU THEY DO NOT ANSWER YOU AND THEY BLOCK YOUR ACCESS PG

    • Recommended-brokers.com Reply

      Hello Anna, we have received many complaints from clients of this broker, they keep everyone's money and do not give explanations, it is a fraud. Thanks for writing about ProTrade24. Currently this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

  3. Javier Reply

    Protrade24, they are a fraud and scammers. A Fake news item on the internet said that a highly reputable person had invested in Protrade24, this led me to invest $250. I again looked for opinions on these supposed investors and found that they were unreliable, I immediately contacted them to recover my small investment. For a week and a half, everything has been delays, problems, excuses, asking for proof of the latest transactions on my account, using arrogant and rude expressions inappropriate for a business partner. THEY HAVE NOT RECEIVED MY INITIAL CONTRIBUTION.
    PROTRADE24 ARE A FRAUD AND SCAMMERS.

    • Recommended-brokers.com Reply

      Hello Javier, unfortunately, I doubt they will return it to you, there are many affected today. Thanks for writing about ProTrade24. Currently this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

  4. Maria Jose Reply

    I've heard good things about them, but I don't want them to steal my money or scam me. Can you help me? Blessings.

    • Recommended-brokers.com Reply

      Hello María José, thank you for writing about ProTrade24. Currently this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

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